All entries for Tuesday 14 March 2006

March 14, 2006

Student Mortgages

Writing about web page http://education.guardian.co.uk/students/housing/story/0,,1730644,00.html

Students are being encouraged to become landlords by taking out a mortgage under a new scheme launched this week. Undergraduates can take out 100% mortgages on properties worth up to £250,000 then rent out spare rooms to cover the repayments.

How much sense does that make?!

When I was a student I lived in some pretty horrible houses, which landlords obviously didn't care about (mouldy walls, plug sockets hanging off the walls, door locks that couldn't keep a cat out…)

It would also remove the pantomine problem of the "My boiler doesn't work", "Oh, yes it does", "oh, no it doesn't" with the landlord.


March 2006

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